WisdomTree's Tokenized Money Market Fund Now Trades 24/7 with SEC Approval

WisdomTree has made significant strides in its efforts to tokenize traditional financial products. Recently, the company announced that its tokenized money market fund, WTGXX, will now be available for trading on a 24/7 basis.

This development is a result of the SEC's decision to grant exemptive relief, allowing intraday trading and reducing settlement delays associated with traditional markets. The regulator's approval enables retail investors to trade shares in WTGXX at $1 with a dealer on an intraday basis, regardless of its net asset value.

The move aims to unlock the efficiency and liquidity advantages native to digital representations of real-world assets. By leveraging blockchain technology, WisdomTree seeks to modernize capital markets and provide unprecedented functionality for investors.